01571, Dudley, MA

The Dudley zip code is located in Worcester County, Massachusetts. According to the 2010 census, the population of this zip code was 10,827. The median household income in this zip code was $72,948. The median home value in this zip code was $248,000.

As of September 2015, the 1571 zip code had an average list price of $269,900 and an average sale price of $269,900. This indicates that homes in this zip code are selling at a rate above the national average. In addition, as of September 2015 there were 1,711 active listings in this zip code and 1,547 pending listings. This indicates that there is a high demand for homes in the 1571 zip code.

One reason why homes are selling at a higher rate in the 1571 zip code is because there is a high level of home equity available in these homes. As of September 2015, 68% of households living in the 1571 zipcode had at least some home equity (meaning they could sell their home and still have enough money left over to cover their mortgage). This compares favorably with the national average of 54%. This high level of home equity allows homeowners to borrow more money to buy a home or to refinance their existing mortgage into a more affordable loan option.

Another reason why homes are selling at a higher rate in the 1571 zip code is because there are relatively few foreclosures or short sales occurring within this area. As of September 2015 only 2% of all housing units within thiszipcode were classified as being vacant due to foreclosure or short sale (compared with 5% nationally). This indicates that most homeowners who are looking to sell their home can find interested buyers quickly and without having to go through a lengthy foreclosure process first.